Lassonde Industries Variance
| LAS-A Stock | | | CAD 222.00 -1.23 -0.55% |
The Variance reading for Lassonde Industries is computed from historical trading observations. Values reflect historical observations within the available dataset. Lassonde Industries has a market cap of 1.51 B, operating margin of 8.0%, ROE of 10.73%. Allocation context is available in
Correlation Analysis. The portfolio reflects a holding in Lassonde Industries. The weighting is visible within the allocation breakdown. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Lassonde Industries has current Variance of 2.3. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 2.3 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Lassonde Industries maintains a
fourth standing in variance relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
3.45 of Maximum Drawdown per Variance. For Lassonde Industries, Maximum Drawdown stands at
3.45 times Variance
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare Lassonde Industries to Peers
Other Technical Indicators